Midwest Mezzanine invests $7.0 million in OJ Medtech and Charm Medical Supply
Headquartered in Pembroke, MA, OJ Charm is a medical products company that provides a broad range of recurring need items such as compression garments, wound care supplies, incontinence products and nutritional products to customers throughout New England and New York. These prescription-based, consumable products are delivered to the homes of patients with chronic conditions and are key components to the patients’ overall care plan.
OJ Charm is actively looking to grow through acquisitions of other medical supply or DME businesses.
Midwest Mezzanine Funds partnered with Eagle Private Capital on the investment of subordinated debt and equity to assist Upstream Capital, OJ Medtech’s equity sponsor, with the acquisition of Charm Medical Supply. The merged business will be run by Charm Medical Supply’s current CEO.